The global refrigerated/frozen dough products market size was worth around USD 20.5 billion in 2021 and is predicted to grow to around USD 33.1 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2030.
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➤ The expansion of sales channels to stimulate market growth
Online retail platforms are the fastest-growing segment, and the expansion of sales channels is one significant factor that is expected to contribute to the growth of the frozen pastry products market in the near future. In the present day, a significant number of retailers maintain websites that provide consumers with additional information regarding the business and its products. The availability of a diverse selection of products and the ability to compare prices on internet platforms have resulted in a rise in the number of online purchases made by customers. This is beneficial to the main players in terms of the specific frozen dough they purchased, as it eliminates the need for physical outlets or stores. Additionally, it allows customers to read reviews left by other users and compare the pricing, products, and stores of various vendors.
➤ The market growth is being constrained by the increasing demand for conventional, freshly baked products.
Consumers believe that food products that were processed for a year or more prior to consumption are not nutritious. Consumers continue to favor freshly baked delicacies due to the perception that frozen food products are devoid of nutrition. The market’s expansion is substantially restricted by the widespread belief that these foods lose some of their nutritional value during the refrigeration process.
➤ A lucrative opportunity is presented by the increasing prevalence of veganism.
Veganism is gaining popularity among consumers, as demonstrated by the 500% increase in veganism from 2014 to 2020 during the vegetarian challenge. From 2014, when 1% of the US population identified as vegan, the figure increased to 6% in 2016. Furthermore, the Veganuary challenge attracted more than 500,000 participants in 2021. This indicates that the consumer preference for vegan or plant-based products is expanding and will continue to be advantageous in the future. Consequently, the global frozen dough market is expected to experience growth as consumers transition to vegan or plant-based diets in place of animal-based meals.
➤ The market’s development is significantly hindered by the absence of support for transport infrastructure in the developing market.
Refrigerated storage and transportation are essential components of an efficient supply chain in this industry. Nevertheless, developing nations in regions such as the Asia Pacific, the Gulf, and Latin America lack a well-connected transportation infrastructure. Despite the fact that the costs and transit times are exacerbated by the poor quality of the infrastructure and the limited capacity, the options for routes are still restricted by the absent linkages in these networks. Consequently, they serve as a significant obstacle to market expansion.
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The Global Refrigerated/Frozen Dough Products Market is segmented based on product, application and region
Global Refrigerated/Frozen Dough Products Market: Product Segment Analysis
● Bread
● Biscuits & Cookies
● Pizza
● Others
Global Refrigerated/Frozen Dough Products Market: Application Segment Analysis
● Retail
● Food Service
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The global Refrigerated/Frozen Dough Products market profiles key players such as:
● General Mills Inc.
● ConAgra Brands Inc.
● Nestle S.A.
● Flowers Foods Inc.
● Grupo Bimbo S.A.B. de C.V.
● George Weston Limited
● J.M. Smucker Co.
● Rich Products Corp.
● Pinnacle Foods Inc.
● Maple Leaf Foods Inc.
● Kontos Foods Inc.
● Gonnella Baking Co.
● Europastry
● Dr. Schär
● Goosebumps Store
???? Recent Developments:
• Rudi’s Organic Bakery and Rudi’s Gluten-Free Bakery have established Rudi’s Rocky Mountain Bakery in March 2021. This bakery will deliver small quantities of artisanal bread directly from Boulder, Colorado, to your kitchen. Rudi’s has led the charge in the endeavor to increase consumer access to artisanal and gourmet packaged baked goods by delivering healthful goods that are expertly made in the heart of Colorado to pantries all over the country since more than 40 years ago.
• Cérélia, a Paris-based producer of frozen and refrigerated dough, acquired US Waffle, a producer of crepes and waffles, in March 2021. Additionally, Continental Grain Co. provided an equity investment. The acquisition will expand Cerelia’s geographic reach in North America.
➤ The market is anticipated to be dominated by North America during the forecast period.
North America’s dominance in the global refrigerated/frozen pastry products market was substantial in 2021 and is anticipated to persist throughout the forecast period. The high demand for products is the primary factor contributing to regional growth. For example, the American Baker’s Association estimates that the economic impact of baked products produced and sold in the United States is $423 billion. An estimated $3 billion is generated annually by retail bakeries, while $31 billion is sold by commercial bakeries. Additionally, the market’s expansion is significantly influenced by the availability of ready-to-cook dishes.
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